In a recent article on Forbes, Rodger Desai, Prove Co-Founder & CEO, wrote about the challenges facing Open Banking implementation globally.
Identity Authentication & Verification Leader Takes Top Honors for Workplace Environment & Cybersecurity Solutions
The next few years will be crucial to the development of identity and access management (IAM) trends.
A new study surveyed 1,000 consumers in the United States to better understand their perceptions of convenience, security, and privacy around authentication.
Small/medium-scale enterprises (SMEs) are a vital cog in a country’s economy.
A study of 34 major banks across geographies found that 27 out of these 34 banks have implemented AI in their front-office functions in the form of virtual assistants, chatbots, and digital advisors.
Video banking is not the latest trend in the Polish banking sector. Some banks have already offered it: e.g., ING Bank Śląski, Raiffeisen Polbank, Alior Bank, or Idea Bank. However, it’s mBank, whose number of video calls constantly increases, simplifying e-banking. mBank’s system is the most innovative on the market, not just in Poland. The service is available 24/7, also for those that are not mBank’s customers but are interested in its offer.
The ability of AI to mitigate risk remains one of the most critical areas of development for financial institutions.
The free banking economy goes much deeper than you think. The freelancer economy is happening all around us.
Prove’s Amit Goel on CNBC-TV18 sharing insights on the rise of ‘Buy Now, Pay Later’ regulatory and fraud concerns.
From our Prove family, happy Hispanic Heritage Month! Let’s continue to fight for representation and continue our work to empower Hispanic-Latino success in the workplace.
Thrilled to announce that we've won three Expert Insights Awards for Fall 2021.
Some questions and highlights some differences between true tokenization, PCI-redefined tokenization, and how they both apply to the Apple Pay technology.
Distributed ledgers are version 2.0 of the current systems and can work around concepts such as identity verification, public/private transaction distinction, and automated execution of contracts.
Through connected APIs, enterprises can build conversational systems that aggregate business events from every enterprise area to facilitate people-to-people, people-to-systems, and systems-to-systems interactions.
The current post-trade processes are perceived as highly complex, slow, expensive, and inefficient—and as such, in dire need of optimization and streamlining that is ripe for technology disruption.
Mortgage lenders recognize the need to operate in this fast-changing landscape.
In their effort to automate more parts of their businesses, about 50% of the world’s financial services firms plan to acquire FinTech startups in the next several years.
Capital Markets is one industry in the financial space where industry experts are optimistic about using blockchain technology.
Rideshare companies like Lyft and Uber have quickly learned that they need to partner with financial technology companies
It is expected that AI will be the next big thing in finance, changing how we do everyday transactions.
A database is an organized and systematic collection of data that can be stored and accessed electronically.
What should established organizations be thinking about in terms of both employment and investment? What should investors be thinking about in terms of cyber opportunity? Where’s the best employment potential in cybersecurity?
As the COVID-19 pandemic continues to claim lives worldwide, another related contagion is spreading like wildfire through social media: fake news.
Prove announces at Money20/20 Europe that its motion-based behavioral biometrics solutions are now available in 195 countries and help businesses make identity authentication easier and safer for users
Aite-Novarica Group recognized Prove Pre-Fill™ as an innovative technology that helps companies remove friction from onboarding processes to drive revenue with more sign-ups while also mitigating fraud
Companies in the cryptocurrency space are turning to phone-centric technology already embraced by banks to become leaders in this fast-evolving industry
Prove CEO Rodger Desai joined Cheddar News to talk about the need for cross-industry cooperation to shore up cyber defenses.
CMOs are turning to the latest in phone-centric technology to accelerate onboarding and drive sales.
PCI DSS was set up to help secure businesses process card payments and fight fraud.
Since the pandemic hit, we have seen a dramatic upswing in identity spoofing, phishing, trojan attacks, and other security breaches.
FINO PayTech operates the largest network of business correspondents in India that help banks and reach out to customers in the countryside.
The global insurance industry is an industry on the cusp of change with investments totaling $1.4 billion in just the first three-quarters of 2016.
In the last two to three years, with the rise of open banking, APIs in general and financial infrastructure APIs, in particular, have been of much interest.
Apple Pay has delivered many good things. But there are dark clouds on the horizon.
Like the financial services industry, in supply chain and logistics, blockchain has a great potential in increasing transparency.
Innovations and practices implemented by FIs in blockchain technology.
Hundreds of startups are trying to shake up the investment world with robo-advisor offerings.
Investments in FinTech have grown exponentially in the past decade – rising from $1.8 billion in 2010 to $19 billion in 2015.
Voice-enabled assistants are estimated to reach 1.83 billion by 2025.
The data collected through social media platforms can analyze consumer behavior and preferences, which is the most critical factor for analysis for FinTech companies.
Traditional banks are now facing intense competition from FinTech players that are young, dynamic, and more adept at providing financial services in today’s digital era.
Dealing with regulations is usually a costly and cumbersome affair.
Nearly one-third of identity theft victims lose their digital identity through account takeovers (ATOs).
With the implementation of PSD2 in Europe, banks’ monopoly on their customer’s account information will likely disappear.
It's important to understand what actually is the gig economy, where it would fit in the post-COVID-19 world, and what it means for FinTech.
Keiron Dalton, Vice President and UK Country Manager at Prove, talks about how Phone-Centric Identity ™ can help us regain confidence in our digital accounts in a recent interview with Expert Insights.
An advanced form of social engineering, APP fraud has been on the rise globally, causing significant financial losses to consumers.
The bank account was one ‘thing’ that made FinTech dependent on the banking system, but no longer.
Although the pandemic has led to increased global uncertainty, venture capital investments have been strong in many regions worldwide.
IoT is a network of physical objects that gathers as well as transmits information for data processing and insights.
Here are some interesting examples of machine learning applications in banking.
Social engineering refers to psychologically manipulating people to make them act or divulge information.
If there is a startup for each service a bank provides, do we really need banks?
Understanding two distinct areas types of innovation: disruptive and radical.
Mobile technology is believed to become a significant force in accelerating the adoption of biometrics.
Canada is testing a new airport security and screening system that will allow travelers to digitize and share travel documents & biometric information.
Some FinTech companies are introducing instant authentication services on mobile in collaboration with a powerful party – a mobile operator.
Alternative data sources vary significantly in their ability to accurately assess one’s creditworthiness/predict the likelihood of someone defaulting.
Remote deposit capture refers to the ability to deposit a check into a bank account from a remote location without having to physically deliver it to the bank.
While FinTech founders are savvy in many financial sectors, most do not have the expertise to build a perfectly secure FinTech application.
To beat out the competition, a growing number of auto loan providers are harnessing Phone-Centric Technology™ to cut down on time it takes to complete the necessary forms, improving customer experience and increasing sales.
The white paper is a guide to the latest identity verification and authentication technologies and best practices for layering advanced identity techniques to mitigate fraud and reduce friction.
A list of interesting examples of the applications of blockchain technology beyond financial services.
Understaffing caused by a tight labor market is the primary reason why wait times are growing at PSAPs.
These four establishments essentially monopolize the entire banking industry—the 'Big Four' is an idiomatic name for the four central banks in many countries.
Electronic payments globally are being adopted at an outstanding pace combined with rapid technology development and digital experience improvement.
Crowdfunding has made it possible for a regular customer to invest in a potential unicorn and reap profits at a level only previously enjoyed by the tight-knit group of venture capitalists.
Proximity platforms could transform digital out-of-home and even traditional billboard marketing.
While the current surge in bitcoin's value only reinvigorates its association with blockchain, a novel and more crucial application of blockchain has also emerged—the COVID-19 vaccine.
One of the problems with extending financial access is the lens through which the formal financial system assesses previously invisible groups of the global population.
A list of advancements in the payments domain that cannot go unnoticed.
A look at a collection of examples of how leading institutions are utilizing machine learning to unlock value
Financial institutions are now using ‘pop-up branches’ to test new permanent locations, provide low-cost transactional support, and implement special event engagement.
Where does an exploration of a technological capability stop making business sense, and starts being a research for the sake of research?
Social Engineering Fraud involves gaining the trust of an individual within a business to trick an individual into providing confidential information to steal money from their accounts or even misleading and convincing them into sending money directly into the fraudster’s account.
The number of FinTech startups in the alternative credit scoring space varies from several hundred to hundreds of thousands.
In this story, we analyze the money lost due to crypto hacks, the volume of hacks, the region with the maximum amount of money lost due to hacks, and how it can be solved.
There are around 700–800 InsurTech firms globally that are addressing the requirements of the $4.5-trillion insurance industry.
A primer on what some of the leading banks doing to counter the COVID-19 setbacks.
On the new episode of One World Identity's State of Identity podcast, Michael Lynch, Chief Strategy Officer at Prove, speaks about verification and authentication solutions across the identity lifecycle.
Miller will help elevate Prove’s customer experience by providing clients with personalized, consultative fraud and identity management expertise.
Since January 2015, some issuers have seen their PINless debit payment volumes increase by more than 500%.
A list of US-based FinTech companies leveraging AI.
Global demand for regulatory, compliance, and governance software is expected to reach $118.7 billion by 2020.
A recent study estimates that 40% of Indian MSME lending is through the informal money markets.
Mobile technologies have significantly affected the financial services industry, forcing institutional players to tailor their businesses to survive in the mobile-first environment.
Various banks have shown interest and started experimenting with blockchain.
Prove CEO Rodger Desai writes about the challenges businesses face as well as actionable ways companies are adopting new techniques in a bid to focus on digital trust.
Banks and FIs have a bigger financial incentive than ever before to invest in fortifying one-time passwords and leveling up their biometric game.
Supply chain management and logistics are among the cases where blockchain technology is believed to be having advantages over conventional systems.
Government and taxpayers will benefit from eCurrency as it is ten times cheaper to mine and distribute eCurrency than paper money, with its costs to produce, secure, and distribute.
Governments and various industries are trying to implement mobile biometrics to speed up the process of biometric authentication.